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ABC Corporation has net income of $68,710, a price-earnings ratio of 13.7, and earnings per share of $.24. How many shares of stock are outstanding?
ABC Corporation has net income of $68,710, a price-earnings ratio of 13.7, and earnings per share of $.24. How many shares of stock are outstanding?
A. | 13,558 | |
B. | 286,292 | |
C. | 171,000 | |
D. | 20,897 | |
E. | 185,745 |
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